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Add long rules to TPS strategy documentation

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moshferatu 2024-09-30 05:58:17 -07:00
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strategies/tps/README.md
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@ -8,4 +8,15 @@ TPS stands for:
* **Price** * **Price**
* **Scale-in** * **Scale-in**
## Rules
**Long**
1. The ETF (e.g., SPY) is above its 200-day moving average.
2. If the 2-period RSI is below 25 for 2 days in a row, enter a long trade with 10% of the total position size.
3. If price closes lower than the initial entry price any day while in the position, enter another long trade with 20% of the total position size.
4. If price again closes lower than the latest entry price, enter another long with 30% more of the total position size.
5. If price yet again closes lower than the latest entry price, enter a final long with the remaining 40% of the total position size.
6. Exit the trade(s) when the 2-period RSI closes above 70.
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